India, Feb. 12 -- Shares of logistics giant Delhivery crashed over 4% to hit an all-time low of INR 272.00 during the intraday trading session on the BSE today (February 12).

The stock is following a downward trend for the last few consecutive sessions even after strong financial results in the third quarter of the current fiscal year (Q3 FY25).

Brokerages have cut their price targets (PT) on the stock taking a bearish stance, as per NDTV Profit.

Goldman Sachs maintained a 'neutral' rating on Delhivery, but lowered its target price to INR 370 from INR 400. Meanwhile, Morgan Stanley downgraded to 'equal-weight' from 'overweight' and reduced PT to INR 320 from INR 450, as per report.

With a fall in its share price, Delhivery's market ca...